Raytheon Wins $98 Million Electronic Warfare Contract

The Department of Defense has awarded Raytheon (NYSE: RTN  ) a $97.8 million defense contract, the Pentagon announced Monday. The award, which will stretch over five years, is for the indefinite-delivery of an indefinite-quantity of design work on the U.S. Army's new Electronic Warfare Planning and Management Tool, or EWPMT, and will include building, integrating, testing, and delivery of the product. 

Aiming to assist commanders in planning, coordinating, and synchronizing electronic warfare on the battlefield, EWPMT is designed to prevent offensive, defensive, and friendly (intra-force) electronics signals from interfering with each other. Electronic Warfare specialists will use the software tools to plan missions, identify threats, and decide which forms of electronic warfare will be most effective in a given environment.

The Army is expecting to have the first set of software tools ready for evaluation by Q3 2015, and to introduce the tools for wider use by the end of 2019. Raytheon's work on the project is expected to be complete by Dec. 1, 2018. 

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2749489, ~/Articles/ArticleHandler.aspx, 11/28/2015 6:22:53 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

Today's Market

updated 23 hours ago Sponsored by:
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 1.24 0.06%
NASD 5,127.53 11.38 0.22%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

11/27/2015 1:03 PM
RTN $126.79 Up +0.68 +0.54%
Raytheon Company CAPS Rating: *****